Genius Brands International Inc (GNUS)

[cuggegrosse]

There is one,I posted there,take a look !!!!

[Televet]

https://insiderfinancial.com/toon/

[TheFinalCD]

WHY ISNT THERE A $TOON BOARD ON IHUB?

[AJ Freely]

$TOON (Video) Kartoon Studios Global Cartoon Media/Product Company-Booming

[rickn23]

It enables dilution of your percentage ownership of the company. The company is able to sell more shares.

If you look at proposal 8:

" To approve, in accordance with 713(A) of the NYSE American Company Guide, the issuance of more than 19.99% of our outstanding Common Stock upon the exercise of certain common stock purchase warrants (Proposal 8); and"

Beyond proposal 8, the company is likely to keep selling shares as long as the company needs money to keep afloat. The company has never been profitable.

My two cents: it will enable the share price to go into a death spiral. The company will sell shares at ever lower prices until no one will buy shares.

[Televet]

What effect will this have on our existing shares?

Proposal 7: Approve the Proposed Amendment to Our Articles of Incorporation to Increase Our Authorized Shares of Common Stock from 40,000,000 Shares to 190,000,000 Shares with a Corresponding Increase in the Total Number of Authorized Shares of Capital Stock of the Company from 50,000,000 Shares to 200,000,000 Shares

[rickn23]

8K filed. It outlines the repricing of warrants, shares converted and new warrants issued. The offer letter to warrant holder is also included and is dated 6/26, when the share price started dropping.

https://www.sec.gov/ix?doc=/Archives/edgar/data/1355848/000168316823004635/kartoonstudios_8k.htm

Ex 10.1 (at the bottom of the filing) is the offer letter to warrant holders. It says it dates back to 6/21/2023
https://www.sec.gov/Archives/edgar/data/1355848/000168316823004433/kartoonstudios_ex1001.htm

[rickn23]

Good luck!

[nuclear profitz]

thanks for the update

[rickn23]

And, now, what everyone has been waiting for SEC PRE 14A filing Proxy solicitation for company meeting (August 25).

Among the nine items to vote for are increasing the authorized common shares to 190 million (there are 10 million preferred shares). Also, issuing 19.99% of outstanding common shares with the exercise of warrants.

https://www.sec.gov/Archives/edgar/data/1355848/000168316823004584/kartoon_pre14a.htm

[rickn23]

Now, prospectus supplement has been filed on the warrant conversions and selling of shares.

This is why the share price dropped. The shares were probably sold today.

[rickn23]

The 8K filed this morning. CEO Andy has repriced warrants from $23.70 per share down to $2.50 per share. This is below where TOON has been trading. New warrant, for double the shares, are being granted also.

I'm guessing this was planned for some time and has reduced the need for some institutions to buy shares on the open market (which would have spike the share price higher).

It's an indication the company has bad fiscal policy.

[Windbag1014]

https://ih.advfn.com/stock-market/NASDAQ/genius-brands-GNUS/stock-news/91437053/current-report-filing-8-k

[nuclear profitz]

why the drop today, cant find news.

[Pickme2]

Genius Brands Announces Name Change to 'Kartoon Studios'; Set to Transfer Listing to NYSE American Under New Ticker Symbol, ‘TOON’
Squeeze that thang! Great move

[Awl416]

Genius Brands Announces 885% Increase in Revenue for Q1 2023

[rickn23]

GNUS has made it onto the preliminary list for the Russell Microcap additions (I think these are the bottom 1,000 stocks in the Russell 2000 index).

https://www.ftserussell.com/resources/russell-reconstitution
https://content.ftserussell.com/sites/default/files/rmicro_additions_20230519.pdf

[rickn23]

Fintel is showing institutional ownership is below 20,000 shares. Shares were probably dumped around the reverse split and are just now being reported.

https://fintel.io/so/us/gnus

[rickn23]

Ocean Tomo, a part of J.S. Held, Announces Successful Conclusion of Uniform Commercial Code Disposition Sale Process to Satisfy Pow! Entertainment Debtor Obligations

https://www.benzinga.com/amp/content/32345243

[rickn23]

Congratulations to Michael Hirsh!

Michael Hirsh to Receive Animaze’s Lifetime Achievement Award
https://www.awn.com/news/michael-hirsh-receive-animazes-lifetime-achievement-award

I'm sure CEO Andy/GNUS will recognize this achievement at some time.

[VApopeye]

Thanks for the honest assessment

[rickn23]

I'm currently waiting for the results of the Stan Lee IP auction.The auction was held last Friday. Either GNUS gets their money back or the IP.
https://www.prnewswire.com/news-releases/ocean-tomo-transactions-announces-ucc-public-notice-of-disposition-of-pow-entertainment-intellectual-property-assets-301752004.html

I'd expect Q1 results to be good, due to the TOHO investment.

I'd urge caution on buying while the share price goes up, though. Unless the company can shed millions of dollars in spending a quarter, the company is likely to keep facing losses. Dilution or bankruptcy will follow.

[BPETER]

Thanks for your info, just waiting for the next numbers I think. For a purchase

[rickn23]

There are lots of reasons the share price isn't rising. Probably the two best reasons are, the company continues to lose money and the company isn't very transparent. Press releases often lack a lot of details that most companies will include. I, also, think retail shareholder have lost confidence in the CEO (Andy Heyward).

Revenue was good because GNUS acquired a company with revenue (WOW Unlimited Media), not because GNUS's core business grew.

[BPETER]

I have been following this share for a while, the income was not bad, even good figures. But the share does not move towards that, I think it is strange, I see the michoen too positive in it,,,---

[rickn23]

Original Documentary ‘Stan Lee’ Arrives on Disney+ June 16
https://www.marvel.com/articles/tv-shows/stan-lee-original-documentary-june-16-disney-plus

[rickn23]

Yep, and last year they announced that they were not thinking of doing a reverse split. Look at how that turned out.

[Pickme2]

Genius Brands International, Inc. (the “Company”) announces it has no exposure to the Silicon Valley Bank default or any related bank securities. Further, the Company confirms that it is debt free, excluding a margin loan and revolving production credit line that are secured and offset by fixed-income investments held in a brokerage account. Moreover, based on the Company’s current cash and investments in marketable securities, the Company has sufficient liquidity to support its ongoing operations and has no current plans to raise capital.

[BPETER]

Thank you, the predictions they make promise something good I think.

[rickn23]

Short interest was about 3.2 million shares as of 2/15/2023. I assume it's split adjusted.
https://www.nasdaq.com/market-activity/stocks/gnus/short-interest

[rickn23]

Earnings' report?

10K (includes Q4) is due at the end of March
Q1 is due mid May.

[BPETER]

When will the numbers come out

[rickn23]

Kidaverse Roblox Rumble | Trailer | Kartoon Channel!

[longview1]

Glad I sold

[rickn23]

It's better than writing off the loans to POW!.

[Atlanta1]

this is good?

[rickn23]

Ocean Tomo Transactions Announces UCC Public Notice of Disposition of POW! Entertainment Intellectual Property Assets

https://www.prnewswire.com/news-releases/ocean-tomo-transactions-announces-ucc-public-notice-of-disposition-of-pow-entertainment-intellectual-property-assets-301752004.html

It's to satisfy debt to GNUS ($1.250 million loan and other secured obligations).

[rickn23]

Failure to delivers, doesn't look massive. I doubt there is enough naked short selling to make much of a difference.

https://fintel.io/sftd/us/gnus

[oldepro2]

Information to the contrary doesn't include a massive naked short. Judgment day is coming market wide. Finally!!!!!

[rickn23]

There are not enough shares short to produce a squeeze.
Information to the contrary probably doesn't take into account the reverse split.

[oldepro2]

Load da boat. Short squeeze a comin!! Must see video:

[BPETER]

Schit -4.5

[BPETER]

Later on +19 ...... I'll keep track of them.

[Atlanta1]

this should trade to $4+ easily....

$GNUS

[Atlanta1]

"Drops like this are usually the result of expected dilution. The authorized shares were split-adjusted down to 40 million, so no near-term danger of mass dilution."

absolutely correct. the drop today was a knee jerk reaction to the r/s, without understanding how shareholder friendly the a/s adjustment is.

I loaded GNUS today.

[rickn23]

I'm guessing it hit its lows today. it should march back up as GNUS approaches the 10-day compliance requirement. with the severe drop I would expect short sellers to start covering. Who knows what other news GNUS has been holding back.

$2 to $4 is probably around fair value, +/- cash (minus debt). GNUS's ownership of WOW Unlimited Media is where most of the value is.

Drops like this are usually the result of expected dilution. The authorized shares were split-adjusted down to 40 million, so no near-term danger of mass dilution.

[Bob's your uncle]

Just have to wait until it drops below a $1 again to buy more and lower you price per share

[Bob Kieck]

I hate Reverse Splits they never ever work...the last price is $3.36 a share so its actually .33 cents down over 60% from last week, what a joke

[rickn23]

Marvel Comic Book Men's Stan Lee Signature 'Nuff Said Black T-Shirt
https://www.target.com/p/marvel-comic-book-men-s-stan-lee-signature-nuff-said-black-t-shirt/-/A-88466211

The ad says that it is officially licensed but, it doesn't say who it's licensed from. It could be from the Disney/Marvel license.

[rickn23]

New intro video on GNUS's home website. It introduces the various brands.
https://www.gnusbrands.com/